Hi all,
As per a research 90% of population in the age of 25-40 have a dream of becoming a successful entrepreneur but unfortunately only 5 % people can start a business.
So here i ll list down the things that a person must know before starting any business. The things am going to cover are from my own life experience. Please have patience, read the full article and am sure after that you will be among those 5 % successful people.
Four main hurdles those comes before starting a business:
-Fund raising
-Risk
-Confidence
-Support
One by one we ll discuss these 4 topics and how to overcome them :
Fund - This is the most important things for starting a business. But the problem comes when we think to start huge at the beginning and this is the worst thing. Without having business experience, without having a trading experience when we even think to start a small business that is suicidal. Better start small, sustain and then expand. In this way you need not to wait for any big investor and can start your own business with your small money.
Risk - Any business always associated with some risk. So first understand the losses that you can bear in the worst case scenario. Then think whether you can manage your daily life in that case? Calculate what is your profit expectation compared to risk. And finally take a calculated risk.
Confidence - I have seen many guys who just drop their idea on the half way just because they don't have the confidence to do that. This uncertainty comes when you think up of a bigger target. But remember to keep small small target and achieving them slowly and slowly. These small small achievement will boost your confidence any will keep you energetic in the long run.
Support - At the initial days no one will support you mentally or physically to start up your business. But remember to do small small things and show them your capability. One day will come when every one will be standing aside you.
Here am concluding with one most important take away :
Start small, sustain and then expand
thank you... Please comment if you want any specific help on business topic.
well, this is what i'm looking for ... points to be noted for implementation !
sahi bhai........acha laga tumhe blog...
kanha se ho india ke?
If you are interested in any business or any idea then please tell
yes the main point " start small, sustain then expand" impressed me ! and yes this article is good, reality hi chahiye yaha par jo ki muje iss article me lagi so thanks :)
and i'm from panipat, haryana . and yes i'm looking for a startup are you intrested ?